Mexican cement company “irritated” by Chavez
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We reported yesterday that Venezuelan President Hugo Chavez had seized the plants and offices of Mexican cement group Cemex in Venezuela as part of his continuing nationalization program.
This morning, the L.A. Times’ Marla Dickerson’s update reports that:
‘Cemex executives Tuesday declined to comment apart from a news release acknowledging the government takeover of its Venezuelan facilities. But Mexico’s ambassador to Venezuela, Mario Chacon, made his displeasure clear. Chavez’s hard line with Cemex, one of Mexico’s most admired companies, has irritated the conservative administration of Mexican President Felipe Calderon. ‘’As a government we respect Venezuela’s decision, but we are obligated to look out for the interests of our companies,’ Chacon said. ‘We believe there has been discriminatory treatment against Cemex and we don’t understand why.’’
Read the whole dispatch on Venezuela vs. Cemex here.
For more on Venezuela, click here.
-- Deborah Bonello in Mexico City